NR: Assay results from Ogden
posted on
May 02, 2010 03:35PM
The Best Place to Look For Gold is in the Shadow of Headframes
Toronto, April 29, 2010. Metals Creek Resources Corp. (the "Corporation", TSXV: "MEK") is pleased to announce assays results from the recently completed diamond drill program on it's Ogden Gold Project in Timmins, Ontario. Five holes were drilled totaling 2129 meters targeting a number of mineralized target areas. Results include 5.68 g/t gold over 7.0 meters from the near surface Naybob South Zone as well as the discovery of a new gold bearing structure located within the footwall of the Naybob South Zone. The Ogden project covers eight kilometers of strike length of the highly prospective Porcupine-Destor Break which is host to The Dome Mine complex and five large past producers located between three and eight kilometers to the east of the Property. Lake Shore Gold's Thunder Creek Project is located 10 km, along strike, to the west of the Property.
Highlights:
OG10-025: 7.0m down hole intercept (46.00m to 53.00m) of 5.68 g/t gold. This intercept was part of a broader zone of mineralization assaying 4.64 g/t Au over 11.0m. Visible Gold was noted in this intercept.
∙OG10-001: 1.0m down hole intercept (292.0 to 293.0) of 1.90 g/t and a 2.14m down hole intercept (295.75m to 297.89) of 1.47 g/t Au.
OG10-002: New Gold Zone of 1.06m down hole intercept (290.76m to 291.82m) of 3.36 g/t Au and South Zone intercept of 2.0m down hole intercept (368m to 370m) of 1.9 g/t Au
Note: True thicknesses of drill intercepts are approximately 60-80% of down hole intercepts.
This latest drill program was designed to test a number of mineralized areas including near surface mineralization within the Naybob South Zone, the down plunge extension of mineralization within the Naybob South Zone and the down plunge extension of the Thomas Ogden Zone.
Previous drilling within the Naybob South Zone had outlined shallow high grade gold mineralization for a strike length in excess of 300 meters, however areas within this Zone has seen limited drilling. Previous intercepts released by the Corporation include, 6.61m of 9.24 g/t Au within hole OG09-012, and 1.5m of 10.08 g/t Au within hole OG09-019. Results from this latest drilling includes 7.0m of 5.68 g/t Au in hole OG10-025 consisting of 5-30% pyrite and 1-4% arsenopyrite within a strongly albitized, brecciated and quartz veined mafic volcanic and confirms the continuity of the near surface mineralization. Additional drilling is planned for this zone with a scheduled start in early May.
Holes OG10-001 and 002 tested the down plunge extension of the Naybob South Zone. Drilling extended the known mineralization an additional 100m in the down plunge direction to a vertical depth of approximately 350m. Both holes intersected the zone, which is characterized by heavily albitized, sericitized and sulfide rich volcanic and sedimentary rocks, with hole OG10-001 returning 1.0 m of 2.78 g/t Au and OG10-002 returning 2.0 m of 1.9 g/t Au.
Interestingly, this deeper drilling shows the mineralized Naybob Porphyry thickening from an average of 12 meters wide in the upper holes to over 144 meters in hole OG10-001 located 100 meters down plunge to the west from the 12 meter porphyry intercept. This hole also resulted in the discovery of a new gold zone, assaying 3.36 g/t Au/1.06m, which is located approximately 50m to the south of the Naybob South Zone. This new mineralization is characterized as a zone of strong albite and carbonate alteration with associated quartz veining and 7% pyrite mineralization.
Hole OG10-004 was designed to test an IP anomaly located between Porphyry Hill and the Thomas Ogden Zone with no significant results returned. Hole TOG10-001 was designed to test the down plunge and western portion of the Thomas Ogden Zone, however due to excessive deviation in the drill hole, the target was not achieved.
All split core samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario. The precious metals were analyzed utilizing a standard fire assay with an atomic absorption finish. As part of the Corporations QAQC protocol, approximately 10% of the samples submitted for assay were also sent for check assays to Actlabs located in Thunder Bay, Ontario. , Standards and blanks were inserted randomly into the sample shipments as part of the sampling protocol. Samples with assay results above 1.0 g/t gold are re-analyzed using a gravimetric finish and samples with assay results above 5 g/t gold or samples showing visible gold are analyzed using the pulp metallic method.
Future exploration will continue to test the near surface mineralization within the Naybob South Zone in the hope of better defining the distribution of the high grade mineralization as well as perform additional drilling above deeper tiered holes to determine the vertical extent of the mineralization, further define mineralization at depth within porphyry hill and continue to test the down plunge of mineralization within the Thomas Ogden Zone. A ground geophysical (IP) survey was recently completed within the central portion of the property including the Thomas Ogden Zone. Once the data has been compiled, additional targets will be evaluated including additional grassroots targets along the Timmins Gold Trend where little or no drilling has taken place.
Michael MacIsaac, VP Exploration for the Corporation and a qualified person as defined in National Instrument 43-101, is responsible for this release, and supervised the preparation of the information forming the basis for this release.
About Metals Creek Resources Corp.
Metals Creek Resources Corp. is incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek can earn a 50 % interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (PDF) that stretches between Timmins Ontario and Val'Dor Quebec. The Corporation is also engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under the company's profile at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Alexander (Sandy) Stares, President and CEOMetals Creek Resources Corptelephone: (709)-256-6060fax: (709)-256-6061email: astares@metalscreek.com